The states would also want part of this 25% , or the states will charge their own tax in addition to the 25 percent, this would make everything
I propose A Tax Amnesty for past due taxes or taxes not filed at all. ( General Public Personal income Tax)
Just pay the amount you owe on past due taxes or non filed taxes, and pay the amount due. No penalties at all period, nada, nothing. Those that have
payment plans in effected with IRS should be given the Amnesty as to only the point of the amount that was originally due., Refund the over payment
amount back to them. Set up a small payment plan for those whom cannot pay immediately , but only for the amount that is due. no penalties at all.
make Tax Amnesty a certain amount of time, but with in reason. 8 , maybe 10 months for Federal and State taxes.
What this does.
Encourages people to file and pay there past due taxes.
Encourages people to pay any tax they owed in the past, if filed.
puts money back into the economy immediately. ( the amounts you would have paid in fines interest etc.)
In addition people wishing to start up a business in this wrecked economy should be given status. No tax on equipment federal or state, but only for
small business start ups.
Close the Biggest loop hole of all. ( Large Corporations Start Paying State Income Taxes )
All corporations i.e. WalMart, Target, Sears etc. operating in states where they pay no income tax in the states they conducts sales. Why I suggest
this is because the small business are required to pay the state(s) income tax and not the largest corporations,( Not Fair) Right now the state(s)
are riding on backs of small business and they are going under fast.
This law must be made at the state(s) level during their legislative session. this will close the biggest loop hole.
I'm not sure where a percentage should start for a flat tax. but you cant have both tax systems. It has to be one or the other. The federal flat tax
must be low, like 4- 6 percent because the states will still want to tax in addition to a federal flat tax, so that rate must also be kept low. All
corporations must share in this federal flat tax as well as pay the same percentage of income tax as the rest of us do, based on income. I still
Think this will not work though.
Or just come out with a national health care tax , like 5 cents, that will pay for people whom don't have a plan. I don't like it but lets face it,
were headed that way. I don't like the last one that was passed. I would rather pay .5 cents or something like that , than give up my plan.
Health Care for people with a plan. A TRUE tax credit to an amount to no less than 6,700 dollars ( adjusted with inflation) if your single and have
an insurance plan. scale the credit amount according to family size ,married, single , number of children etc.
Get rid of these these complicated tax forms. I'm sure we have all spent over 180 hours filing out forms this year. This year is the worst.
edit on 11-3-2012 by SJE98 because: (no reason given)